Mortgage rates climb to nine-month high

Mortgage rates climb to nine-month high

By Alex Veiga The 30-year fixed rate mortgage rate rose to 6.51% from 6.36% last week, while rates on 15-year loans moved to 5.85% from 5.71% last week. The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up...
Fed minutes point to longer mortgage-rate uncertainty

Fed minutes point to longer mortgage-rate uncertainty

By Amy Connolly Federal Reserve officials said rate hikes could still be considered if inflation stays high, adding uncertainty for buyers and sellers hoping for lower mortgage rates. For months, many buyers, sellers, and real estate professionals expected mortgage...